15 October 2021 - 12:05 PM
Alamy | Besiktas are the reigning champion. However, the club’s total turnover has dropped from €163 million in 2017/18 to less than €60 million in 2020/21 – a decline of more than 60 per cent.
Turkish clubs deep in debt while struggling with profitability
- All the big four Turkish clubs have published their financial statements for the 2020/21 season, which was the first season fully impacted by Covid.
- Following a good 2018/19 season, the pandemic seems to have played its part in the club’s operating losses.
- Moreover, the clubs are becoming increasingly indebted and have accumulated financial obligations among the highest in Europe.
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